Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Revenues from Segment to Consolidated

The following tables present information regarding net sales, operating income (loss), and assets by segment. The corporate and other expense category includes operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs.

It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.

	For the Three Months Ended				For the Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
	(In thousands)
Net Sales by Segment
North America	$	1,002,126	$	1,037,004	$	2,330,747	$	2,077,493
International	704,640		673,295		1,584,878		$	1,447,547
American Girl	49,014		51,994		117,142		137,811
Net sales	$	1,755,780	$	1,762,293	$	4,032,767	$	3,662,851

	For the Three Months Ended				For the Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
	(In thousands)
Operating Income (Loss) by Segment (a)
North America	$	337,305	$	372,015	$	707,605	$	646,466
International	162,828		150,598		268,012		237,616
American Girl	(8,964)		(6,535)		(20,426)		(25,825)
	491,169		516,078		955,191		858,257
Corporate and other expense (b)	(99,797)		(127,004)		(358,672)		(386,171)
Operating Income	391,372		389,074		596,519		472,086
Interest expense	33,870		52,062		99,730		220,689
Interest (income)	(1,903)		(753)		(5,064)		(2,156)
Other non-operating (income) expense, net	(4,293)		3,901		11,966		3,347
Income Before Income Taxes	$	363,698	$	333,864	$	489,887	$	250,206

(a)Segment operating income (loss) included (i) severance and restructuring expenses of $1.4 million and $9.8 million for the three and nine months ended September 30, 2022, respectively, and $0.1 million and $1.9 million, for the three and nine months ended September 30, 2021, respectively, which were allocated to the North America and International segments, and (ii) a gain on sale of assets of $15.2 million from the sale of the American Girl corporate office and distribution center for the nine months ended September 30, 2022, which was recorded in the American Girl segment.

(b)Corporate and other expense included (i) severance and restructuring charges of $4.5 million and $17.1 million for the three and nine months ended September 30, 2022, respectively, and $9.2 million and $25.7 million for the three and nine months ended September 30, 2021, respectively, (ii) inclined sleeper product recall litigation expense of $0.7 million and $1.2 million for the three and nine months ended September 30, 2022, respectively, and $2.8 million and $14.9 million, for the three and nine months ended September 30, 2021, respectively, and (iii) a gain on sale of assets of $15.8 million from the sale of a manufacturing plant in Mexico for the nine months ended September 30, 2021.

Schedule of Segment Assets

Segment assets are comprised of accounts receivable and inventories, net of applicable allowances and reserves.

	September 30, 2022		September 30, 2021		December 31, 2021
	(In thousands)
Assets by Segment
North America	$	1,233,835	$	1,073,657	$	784,836
International	961,097		925,626		798,833
American Girl	85,705		70,356		52,168
	2,280,637		2,069,639		1,635,837
Corporate and other	184,666		222,742		214,031
Accounts receivable and inventories, net	$	2,465,303	$	2,292,381	$	1,849,868

Schedule of Revenues by Geographic Area

The table below presents information by geographic area. Net sales are attributed to countries based on location of the customer.

	For the Three Months Ended				For the Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
	(In thousands)
Net Sales by Geographic Area
North America	$	1,051,140	$	1,088,998	$	2,447,889	$	2,215,304
International
EMEA	410,187		420,833		958,839		905,818
Latin America	221,805		180,798		418,531		329,553
Asia Pacific	72,648		71,664		207,508		212,176
Total International	704,640		673,295		1,584,878		1,447,547
Net sales	$	1,755,780	$	1,762,293	$	4,032,767	$	3,662,851